Three Drives
XAUUSD two Bat PatternsHello traders,
Both patterns cannot be taken simultaneously. It is one invalidates the other.
Potential long opportunity 1245.13 with 3 drives pattern confluence, trend-line support and follows bullish move up.
or potential short opportunity 1298.25 minor resistance confluence.
Typically I look at RSI conditions (overbought, oversold or divergence).
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EURUSD - Potential Trend Continuation Opportunity 15 MI have my eyes on a potential 3 drives pattern on EURUSD 15 M, that is aligned with 0.786% Fibo of the last bearish move. If we add 1.618 Fibo Extension of the 2nd wave, look left you will see a small structure zone. If we combine all then we will get a nice kill zone.
In this kill zone I'll be looking for a short entry - the more conservative you can wait for Double Top or perhaps 2168, the more aggressive of you can enter once price is in the kill zone - you will get more than 1:1.5 R/R.
If you're patient you will get a nice Trend Continuation Opportunity.
Good Luck.
Trading Three Drives Pattern On Daily CADCHFFX:CADCHF
Looks like a perfect entrance time to trade this pattern. Ideally price should go down all the way to 0.7150 but I am going to keep it conservative and put the take profit level near the bottom of the daily channel the price has been honouring.
Bear Advanced Pattern FormationWe expect to a have a retest of structure, then up to our previous resitance, and then hit our target :)
XAUUSD _ Valid Head & Shoulders Pattern Potential reverse at the mentioned zone due to valid Head and shoulders pattern and valid Three drives pattern in lower time frame
USD/CAD H4 - Long setup - 3D pattern/Wolfe wavePrice is now completing a 3-drives pattern and an up move could be expected. OIL price is pushing CAD high and will continue till April 17 (OPEC meeting), will see if the pattern remains after that meeting.
short position on USDCAD 2 previous advance patterns completed. I am still in the trade on the blue short cypher pattern.
I believe the market will rally to the blue box area and terminate around 0.3039s. There is a Fib retracement of 0.382 in that area. Then market will reverse and continue short terminating at 1.2850s completing a 3 drives pattern. 3 drives completes at a major support level which has been tested 3 times already.
